Braemar Hotels & Resorts (BHR) Declares $0.05 Quarterly Dividend; $25M Buyback Plan

Braemar Hotels & Resorts (NYSE: BHR) declared a quarterly dividend of $0.05 per share, or $0.20 annualized. The dividend will be payable on January 17, 2023, to stockholders of record on December 30, 2022, with an ex-dividend date of December 29, 2022. The annual yield on the dividend is 5.8 percent.

The Company also announced that its Board of Directors has authorized a stock repurchase program of up to $25 million. The Company intends to begin share repurchases as soon as practicable and may repurchase shares through open market transactions, privately negotiated transactions or other means. The timing and amount of any transactions will be subject to the discretion of the Company based upon market conditions, and the program may be suspended or terminated at any time by the Company at its discretion without prior notice. The Board's authorization replaced any previous repurchase authorizations.

For a dividend history and other dividend-related data on Braemar Hotels & Resorts (BHR) click here.

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